LIST OF ACTIVITIES 2003/04
  PROMOTION
COMMITTEE
K.O. Chia, Jamie Paton, Allan Homeming, Eric Chan, John Levack,
Kevin Yip
It is another busy year on
this front. The industry is actively promoted through regular
participation in various conferences, forums and media interviews
and articles which provided the opportunity for the Association
to raise its profile. This also included the time consuming
role of acting as judges as business competitions such as the
HSBC Young IT Entrepreneur Awards.
Those who have helped represent HKVCA during the year were:
Roger Marshall, Richard Roque,Vincent Chan, Kevin Yip, Hanson
Cheah, K.O. Chia, Eric Chan, Allan Homeming, Jamie Paton, Stephen
King
CONFERENCE
HKVCA organised its 5th Annual Venture Capital/Private
Equity Partnership Conference "Hong Kong Survival and Resilience"
(SAR) in association with the Hong Kong General Chamber of Commerce
on September 22, 2003 following the turmoil of 2002-3 brought
on by the Middle East was and the SARS outbreak, the weak global
economy. It was a tremendous success attracting an audience
of 350 venture capital, private equity practitioners, corporate
executives; and CEOs, entrepreneurs and service providers. The
conference covered many interesting aspects of private equity
and its value added role in building businesses particularly
in difficult times
EVENTS
Aug. 21, 2003 |
CityU Technology Transfer
Forum 2003-2004 |
| Sept. 9, 2003 |
Financing Sustainable
Development Conference |
| Sept. 25-26, 2003 |
5th Asian Industrial
Technology Congress 2003 (AITC'03) |
| Oct. 7, 2003 |
High Technology Venture
Summit 2003 |
| Oct. 13, 2003 |
Investment Opportunity
in Korea's Future, SMEs (held in HK) |
| Oct. 27, 2003 |
SME Development Fund
(SDF) Project of "Technology & Investment
Fair CEPA-Invention and Intellectual Properties as
a platform of HK Economic Growth & Development
for SME" |
| Nov. 7, 2003 |
Invitation to a Talk
to MBA Students -"Development Prospects of VC
Investment" |
| Nov. 25, 2003 |
Pre-event Press Conference
- HK Professional Services Expo |
| Nov. 26, 2003 |
The
Enterprise Governance Forum 2003 |
| Jan. 14, 2004 |
Seminar on "Managing
Corporate Assets, Family Wealth & Initial Public
Offerings " |
| Jan. 16, 2004 |
Global Entrepreneurship
Monitor HK & Shenzhen Study 2003 Forum "Enabling
Entrepreneurship" |
| Jan. 17, 2004 |
Judge for CUHK 2004 New
Venture Business Plan Competition |
| Feb. 25, 2004 |
Visit of the Canadian
Nanotechnology Mission |
| Feb. 10-11, 2004 |
2004 International Technology
Conference on "Technology Drivers for Tomorrow
Photonics & Bio-photonics" |
| March 22, 2004 |
HK/Shijiahuang Business
Venture Forum |
| May 5, 2004 |
PolyU-Chan Siwei Seminar
- "Fictitious Economy & China's Financial
Reform" |
| May 19, 2004 |
Briefing seminar on YRD
business opportunities |
| May 21, 2004 |
CityU Technology Transfer
Forum |
| May 31, 2004 |
Pan-PRD Regional Cooperation
& Development Forum |
| June 17, 2004 |
Hong Kong Exchanges &
Clearings - ¡§Mark the Start of its 5th Year as a Listed
Company¡¨ |
| June 28, 2004 |
Seminar & Reception
for the Technology Mission from Canada |
|
MEETING
/ MEDIA
The following meeting and media interviews took
place:
July 19, 2003 |
SCM Post
interview with Eric Chan and AHM |
| Nov. 6, 2003 |
The Sun interview
with VC |
| Nov. 29,
2003 |
Cable TV
interview with KOC |
| Feb. 13,
2004 |
Meeting with
Milan and the Lombardy Region (Italy) Dr. Sandro Bicocchi
/ Dr. Pietro Mentasti |
| May 2004 |
Capital Magazine
Issue No.204 posted an article for the interview with
Jean-Bernard Schmidt |
|
FORMAL
VISITS
Sept. 17, 2003 |
Sweden Agency, Shanghai
|
| Sept. 29, 2003 |
Pole Quebec Chaudiere-Appalaches,
Canada in Hong Kong |
| Dec. 8, 2003 |
Israel CFO Delegation
to Hong Kong |
| Feb. 26, 2004 |
A delegation of Ernst
& Young from Israel |
| May 14, 2004 |
A delegation led by Minister
of State of SMEs |
|
PRC
COMMITTEE
Vincent Chan, Timothy Shen, Johnny Chan, Anthony Fan, Duane
Kuang, S.C. Mak, Roman Shaw, Stanley Kwok
With the facilitation of closer
ties with Pearl River Delta through Closer Economic Partnering
Arrangement (CEPA), and the growing integration with China,
the China Committee continues to build on relations with governmental
and business groups as well as the provincial and other local
venture capital associations in China to develop areas of mutual
benefit. A more formal arrangement has been set up in Chengdu
where HKVCA has a regional laision office for Western China.
HK venture capitalist and private equity firms continue to invest
heavily into China leading the way in terms of investment expertise
and knowledge in China.
EVENTS
Sept. 9, 2003 |
HK-The Global Portal
for Mainland Companies (IT Seminar in Guangzhou) |
| Nov. 27, 2003 |
Business Opportunities
of Shenzhen Futian Technology Achievements (held in
HK) |
| Jan. 8-9, 2004 |
3rd China Venture Capital
annual Forum - 2003 Review & 2004 Outlook - "Hunting
for the New Growth Engine in China" |
| March 24-25, 2004 |
Promotion at Yangtze
river Delta |
| May 21, 2004 |
Shanghai Information
Technology Enterprises Seminar on Business Opportunities
and Investment Environment in Hong Kong |
| May 21-22, 2004 |
Seminars on Investment
Environment and Financing in Hong Kong for Mainland
High Tech Enterprises in Beijing |
| May 27, 2004 |
Technology Services System
Conference in Chongqing |
|
SUPPORTING
ORGANIZAGIONS
Dec. 3, 2003 |
Technology in China (held
in HK) |
| Dec. 18, 2003 |
2nd Shanghai Hi-Tech
Seminar |
| April 2-3, 2004 |
6th Annual China VC Forum
2004 (held in Shenzhen) |
| June 18, 2004 |
2004 Fujian Venture Capital
Forum |
|
FORMAL
VISITS
Aug. 4-5, 2003 |
A delegation to Guangzhou,
Zhuhai and Shenzhen |
| Sept. 4, 2003 |
A delegation from Shenzhen
Longgang |
|
DELEGATION
TO TAIWAN
Given that Taiwan is also an important part of
the China investment triangle providing the technology component,
a HKVCA mission was sent to Taiwan to strengthen ties with the
local venture capital association and with local venture capital
associations and corporations
Oct. 21-22, 2003 |
A 10-member delegation
to Taiwan |
|
CHINA
PRIVATE EQUITY SUMMIT
A panel of legal and industry experts and PRC
Ministry representative explored the implications of the new
Mergers and Acquisition laws and the new VC rules for foreign
and domestic investors. The 150 participants gathered for the
day at the Ritz Carlton found the in depth discussions and exchanges
were enlightening and very useful.
STANDARDS
SUB-COMMITTEE
Monica Tsui, Jamie Paton, Allan Homeming, Stephen
King
A corporate governance guideline had been set out. The Committee
plans to put forward proposals on Valuation guideline and standard
documentation.
NETWORKING
SUB-COMMITTEE
Varun Bery, Hanson Cheah, Peter Lee
A new format of networking has taken the place of our traditional
monthly luncheon speaker program. Breakfast meetings which allowed
for more interaction had been well received. The Christmas party
featuring the "Late Bloomers" Band had also been a good networking
opportunity. A sporting event was organised for the first time.
"The Inaugural Golf Day" held in April at the HK Golf Club met
with much enthusiasm with 48 participants enjoying a fun filled
day. The success for the event ensured that it will be on the
annual calendar of the Association.
LIST
May 23, 2003 |
Meeting on ¡§Crisis Management
in LPs and portfolio campanies - SARS and other fundamental
market changing conditions¡¨ - spoke by Adam Salzer,
Executive Chairman of The Salzer Group |
| Oct. 23, 2003 |
Meeting on ¡§Managing
the offshore outsourcing¡¨ - spoke by Tim Catling,
Partner, PA Consulting Group |
| Dec. 10, 2003 |
X'mas Cocktail |
| Jan. 29, 2004 |
¡§The Psychology of Investment¡¨
- spoke by Philippa Huckle, Founder and CEO of The
Philippa Huckle Group |
| Feb. 19, 2004 |
Meeting on :"Capital
Raising for Private Banks" ¡V spoke by Nigel Webber,
Managing Director, Head of Investment of HSBC Republic |
| March 25, 2004 |
Luncheon Meeting spoke
by C.D. Tam of HK Science and Technology Parks Corporation |
| March 31, 2004 |
Breakfast Meeting spoke
by Jean-Bernard Schmidt, Chairman of EVCA, and Martin
Haemmig, Author of ¡§The Gobalization of Venture Capital¡¨
|
| April 22, 2004 |
The Inaugural Golf Day
held at Hong Kong Golf Club |
|
SPECIAL
PROJECTS
SUB-COMMITTEE
Marcus Thompson, Monica Tsui, Collin Lau
As the industry matures, there is now a clear need to improve
fund governance and investor transparency. One the key task
for the Association this year is to develop Investment performance
measurement. HKVCA partnered Thompson Financial Group to produce
the HKVCA Yearbook for 2000 and 2001 however it lacked full
data and had limited usefulness. During the year, the Committee
had spent a considerable time improving the format of the survey
to ensure it produces accurate and meaningful data and also
to ensure its fullest confidentiality. All members are urged
to support this effort as it is critical to the continued flow
of funds into the asset category.
TAX
SUB-COMMITTEE
Kevin Yip, Marcus Thompson, Monica Tsui
The Hong Kong government had set out a proposed amendment to
the Exemption of Offshore Tax in Hong Kong. HKVCA submitted
a consultation paper on the position of the private equity industry
to protect its current tax exempt status. Details of the paper
is on our website.
APVCA
SUB-COMMITTEE
Adrian Lam, Richard Roque, Roger Marshall, Kevin
Yip, Hanson Cheah
The Asia Venture Capital and Private Equity Alliance was initiated
by HKVCA in 2001 to jointly promote the development of the industry
on a regional wide basis. Members of the Alliance include Singapore,
Malaysia, Thailand, Taiwan, Korea, and Indonesia. Kevin Yip
represents HKVCA as Co-Chairman of the APVCA. The key tasks
of the Alliance are in strengthening communication and networking
among members of the industry as well as investors. APVCA meets
via telephone monthly to review matters of common interest.
MEMBERSHIP
SUB-COMMITTEE
Hanson Cheah, Peter Lee, Varun Bery
As at the end of December 2003, the Association has 123 members,
of which 66 are full members and 57 are associate members. The
represented a decrease of 14 members during the year due to
attrition of many firms during the downturn of the economy.
WEBSITE
The website format was revamped and changes will
continue to be made to improve communication with members and
the public.
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